WASHINGTON, August 3, 2006 - The following project was approved today by the World Bank’s Board of Executive Directors:
IDA CREDIT: US$60 million
TERMS: Grace period = 10 years; Maturity = 40 years
PROJECT DESCRIPTION: The main objective of this additional credit is to assist emergency drought recovery efforts in arid and semi-arid areas of Kenya, scaling up and broadening support for affected communities while also reinforcing community oversight and local decision-making structures. The credit provides additional financing to the second phase of the Arid Lands Resource Management Project (ALRMP), which has already helped improve the lives of over one million people in 22 districts. This credit will target an additional one million people and its coverage will be increased to 28 districts in communities most severely affected by the drought, and will benefit from enhanced audit and fiduciary oversight functions to monitor implementation.
For project details, please call Beldina Auma at (202) 458-7307 or email bauma@worldbank.org
For more information, please visit the project website:
http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P100762
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